Grayscale Launches New Trust Dedicated to Solana
Digital asset manager Grayscale Investments has unveiled its sixteenth investment vehicle which will be passively invested in Solana. Grayscale is a subsidiary of Digital Currency Group, the parent company of CoinDesk.
The Grayscale Solana Trust is now available to eligible individual and institutional accredited investors, the firm announced Tuesday.
It follows similar products that offer exposure to prominent digital assets such as bitcoin, ether, bitcoin cash, litecoin, and stellar lumens.
Solana has enjoyed explosive growth in 2021, increasing from around $1.50 at the start of the year to $214 at the time of writing.
Read more: Grayscale Files With SEC to Convert Its Bitcoin Trust Into an ETF